Katakura Industries Co.,Ltd. (TSE:3001) signing of share transfer agreement to acquire FPG Technology Co., Ltd from Financial Products Group Co., Ltd. (TSE:7148) on March 31, 2023. Following the transaction, FPG Technology will cease to be a (consolidated) subsidiary of Financial Products Group. As per the terms, Katakura Industries will acquire 7,800 shares representing 100% stake in FPG Technology.

FPG Technology has net assets of ¥99.29 million, total assets of ¥179.49 million, sales of ¥467 million, operating income of ¥13.5 million and net income of ¥6.86 million as of March, 2022. The transaction is expected to complete by April 3, 2023.